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Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

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Share Price: 69.08
Bid: 69.28
Ask: 69.30
Change: 0.00 (0.00%)
Spread: 0.02 (0.029%)
Open: 0.00
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Prev. Close: 69.08
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Orange beats Yoigo in race to launch 4G in Spain

Fri, 10th May 2013 11:30

MADRID, May 10 (Reuters) - France Telecom's Orange will launch superfast mobile Internet in Spain on July 8 in sixcities, making it the first to make 4G services widely availablein the country and beating rival Yoigo by a matter ofdays.

Faster mobile Internet, or 4G, may give Orange andTeliaSonera's Yoigo an edge in Spain's cut-throat mobile phonemarket, where the two biggest players, Telefonica andVodafone have lost share to cheaper rivals over the pastyear.

Orange and Yoigo have increased their market share in thecountry, which has the highest smartphone penetration in theEuropean Union, ahead of Britain. The attractions of fastermobile Internet may help them win new customers.

4G services, already available in several other Europeancountries, make it easier and quicker to watch television andmake video calls on mobile handsets.

But in Britain, the first network to launch 4G, EE, owned byFrance Telecom and Deutsche Telekom, failed to stem adrop in service revenue despite attracting 318,000 customers tothe service in five months.

Yoigo, the fourth-biggest operator, said earlier this weekit would be the first to offer 4G in Spain, with a July 18launch date and no additional cost for subscribers with 3Gservices.

Orange had previously said it would introduce 4G in thethird quarter, without specifying a date. The company declinedto say if the service would be offered at the same cost as 3G.

Orange's 4G services will be available to 12 millionSpaniards in 15 cities by the end of 2013 and all provincialcapitals will be covered by end-2014, the company said onFriday.

Orange's investment in the rollout of 4G services, includingprevious work to upgrade its network and the purchase ofspectrum, would total 1.1 billion euros ($1.4 billion), it said.

It is not known when Telefonica and Vodafone will launch 4Gin Spain. Vodafone has carried out a pilot for 4G andTelefonica, which plans to make superfast mobile Internetavailable in Brazil and Britain this year, said it was ready toquickly roll out the service in Spain according to market needsand company strategy.

More News
22 Mar 2024 09:19

TOP NEWS: UK CMA says Vodafone/Three merger raises competition worries

(Alliance News) - The UK Competition & Markets authority on Friday said a planned merger between Vodafone UK and Three UK could raise consumer prices and harm investment into UK mobile networks.

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22 Mar 2024 07:32

CMA warns Vodafone, Three deal will face full probe if solutions not given

(Sharecast News) - Vodafone and Three UK have been told to find ways to assuage Britain's competition regulator that their planned $19bn merger would not leave consumers worse off or face a full investigation.

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18 Mar 2024 16:23

Director dealings: Vodafone CFO makes share purchase

(Sharecast News) - Vodafone Group revealed on Monday that chief financial officer Luka Mucic had acquired 2.46m ordinary shares in the FTSE 100-listed telecommunications giant.

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18 Mar 2024 09:39

IN BRIEF: Vodafone CFO buys 2.5 million shares for GBP1.7 million

Vodafone Group PLC - Berkshire, England-based telecommunications provider - Group Chief Financial Officer Luka Mucic purchased 2.5 million shares on Friday in London at 69.64 pence each for GBP1.7 million in total. Vodafone also on Friday announced the sale of its Italian business to Swisscom AG for EUR8 billion, with EUR4 billion to be returned to shareholders through a buyback. It said, however, that annual dividends from financial 2025 onwards will be rebased to 4.5 euro cents, down from 9.00 cents for financial 2024.

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15 Mar 2024 15:07

London close: Stocks finish mixed after Reckitt compo blow

(Sharecast News) - London's equity markets finished in a mixed state at the end of a quiet trading session on Friday, after another hotter-than-expected US inflation reading overnight.

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15 Mar 2024 12:11

LONDON MARKET MIDDAY: FTSE 100 underperforms despite mining, oil boost

(Alliance News) - London's FTSE 100 overcame a muted morning to head into Friday afternoon on the up, though its progress was shy of the loftier gains seen by mainland European peers, as investors showed some signs of trepidation ahead of a pair of interest rate decisions next week.

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15 Mar 2024 09:25

Vodafone Germany makes surprise chief executive change

(Alliance News) - The head of telecommunications provider Vodafone Germany, Philipp Rogge, has announced plans to leave the company at the end of the month in a surprise move after less than two years at the helm.

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15 Mar 2024 08:43

LONDON MARKET OPEN: FTSE 100 treads water; buyback boosts Vodafone

(Alliance News) - Stock prices in London opened in a muted fashion on Friday, as a hotter-than-expected US producer price reading stifled risk appetite, with focus beginning to move to interest rate decisions from the Federal Reserve and Bank of England next week.

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15 Mar 2024 07:46

LONDON BRIEFING: Vodafone, Scottish Mortgage Investment plan buybacks

(Alliance News) - London's FTSE 100 is called to open fractionally lower on Friday, possibly a tepid end to a decent week, as a robust US producer price reading hurt risk appetite on both sides of the Atlantic.

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15 Mar 2024 06:58

TOP NEWS: Vodafone plans share buyback after Italy sale to Swisscom

(Alliance News) - Vodafone Group PLC on Friday said it has agreed to sell its Italian business to Swisscom AG for EUR8 billion and will return half of the proceeds to shareholders.

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15 Mar 2024 06:45

Vodafone unveils €4bn capital return after selling Italian unit

(Sharecast News) - Vodafone and Swisscom have confirmed that the Swiss telecom group will take over Vodafone Italy for €8bn, enabling the UK company to return €4bn to shareholders.

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29 Feb 2024 16:05

London close: Stocks finish positive as US inflation moderates

(Sharecast News) - London's stock markets finished with moderate gains on Thursday, buoyed by a combination of factors including a slowdown in US inflation, robust UK earnings reports, and encouraging mortgage approvals figures.

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29 Feb 2024 13:11

Vodafone rallies on 'RARE' Betaville report

(Sharecast News) - Vodafone rallied on Thursday amid takeover speculation.

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28 Feb 2024 15:01

London close: Stocks slip as US GDP growth decelerates

(Sharecast News) - London's equity markets experienced a downturn by the close on Wednesday, largely influenced by underperforming stocks such as St James's Place and Reckitt Benckiser, following disappointing financial results.

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28 Feb 2024 08:59

TOP NEWS: Vodafone in talks to sell Italian arm in EUR8 billion deal

(Alliance News) - Vodafone Group PLC on Wednesday confirmed that it is in exclusive discussions with Swisscom AG regarding a potential sale of Vodafone Italy to Swisscom for cash.

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